Major US stock indices closed in the green zone

Major US stock indexes continued to rally, motivated choice of Trump as president. Investors are betting on the shares of industrial and financial companies, as expected, that these sectors will derive maximum benefit from the Trump promises to spend more on infrastructure and simplify the rules.

As it became known, the number of Americans who first applied for unemployment benefits fell to a five-month high last week, indicating the strength of the labor market, underlining the steady momentum of the economy. Primary applications for unemployment benefits fell by 10,000 to a seasonally adjusted reached 258,000 for the week ending December 3, the Labor Department reported. The data for the previous week were not revised.

Oil futures rose about two percent, retreating from week low, as market participants focused on the upcoming meeting of the OPEC and non-OPEC producers, who may end the agreement on further production cuts. Recall, this Saturday, the OPEC and non-OPEC oil producers will meet in Vienna to agree on the details of the transaction, which is focused on the overall reduction in oil production of about 1.5 million. Barrels per day. This agreement will help reduce global glut in the market, which contributed to lower prices for more than two years.

DOW index components closed mostly in positive territory (16 of 30). More rest up shares The Goldman Sachs Group, Inc. (GS, + 2.42%). Outsider were shares of United Technologies Corporation (UTX, -1.20%).

Almost all sectors of the S & P showed an increase. The leader turned conglomerates sector (+ 1.9%). Decreased only the industrial goods sector (-0.3%).

At the close:

Dow + 0.32% 19,612.70 +63.08

Nasdaq + 0.44% 5,417.36 +23.60

S & P + 0.21% 2,246.04 +4.69